Question

What is meant by Ledger?​

Answer 1

Answer:

A ledger is a book containing accounts in which the classified and summarized information from the journals is posted as debits and credits. ... The ledger contains the information that is required to prepare financial statements. It includes accounts for assets, liabilities, owners' equity, revenues and expenses.

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Answer 2

Explanation:

A ledger is a book or collection of accounts in which account transactions are recorded. Each account has an opening or carry-forward balance and would record transactions as either a debit or credit in separate columns and the ending or closing balance ....

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